China Mining News

Top mining stock becomes 2017's worst loser on China steel shift

Australian iron ore producer is only stock on the nation’s blue-chip resources index to hand investors a loss in 2017, tumbling from its previous top status.

Satellites are reshaping how traders track earthly commodities

Companies like Ursa Space Systems Inc. are using satellites to try to shed light on tightly held secrets in the commodity trading world.

2018 global diamond industry primer

2017 has been a year of excess inventory shifting from the upstream segment of the diamond industry to the mid-stream segment.

Copper jumps to 3-week high

Benchmark copper on the LME settled up 1.4% to US$6,886 a tonne.

Coal into bitcoin? Dirty secret of 2017's hottest market

Creation of digital bitcoins by computer networks has real-world consequences in form of massive energy use, including fuels that cause most pollution.

Bacanora Minerals Ltd strategic cornerstone investor & offtake agreement

NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.

China's Nov commodity imports confirm trends; copper the outlier: Russell

In past three months, China’s commodity imports were extremely strong in Sept, unbelievably weak in Oct, now roaring back to strength in Nov.

Want to make money in industrial metals next year? Ask China how

Base metals were hot this year with zinc, copper and aluminum among leaders, climbing between 15% and 23%. What about 2018? Analysts say China will know.

China's Nanjing Hanrui can't be sure its cobalt did not involve child labour

Concerns about the sourcing of Yantai’s metal have reduced interest in the LME’s cobalt contract, trading sources said.

Electronic waste at new high, squandering gold, other metals-study

Raw materials in 2016 scrap worth an estimated $64.61 billion, including metals such as gold, silver, copper, platinum and palladium, U.N.-backed study said.

World Bank to stop funding oil and gas projects

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

World's biggest floating solar power plant starts operating atop former coal mine

China Three Gorges says this would be not only the largest but also the "most intelligent solar power project with the most advanced technology in the world."

Chinese steel rebounds as output curbs deepen, iron ore dips

Chinese steel futures bounced back Monday after three-day drop as output cuts in world's top producer deepened with China's anti-pollution campaign.

Iron ore, copper prices recover after record Chinese imports

November copper concentrate shipments to China hits all-time monthly high – annual iron ore imports set to easily surpass 2016's record 1 billion tonnes.

China's Tongling Nonferrous cuts copper output by 20-30 pct

One of China's top copper smelters has reduced production by 20-30 percent to comply with winter output restrictions, a company official said on Thursday.

Chinese iron ore and coke futures dive on steel demand concerns

Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter.

Steelmakers surge on `precedent-setting' U.S. import ruling

U.S. Steel Corp. led gains among major American producers of the metal after the U.S. slapped duties on some Vietnamese alloys made with China imports.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Iron ore enters bull market as China's curbs supercharge steel

Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

Chalco enlists state funds, insurers in $1.9 bln debt-for-equity swap

This move by Chalco is the latest example of the Chinese government's efforts to reduce debt at state-owned companies and make them more efficient.

Who will fund Adani's Carmichael coal mine? Not China

The shovels are in the ground at the Carmichael coal mine in Queensland but the bankers have yet to open their wallets.

Move over, Tesla! China holds the keys to electric vehicles

As the world’s largest auto market, China was responsible for about half of the sales as the crackdown on polluting industries has propelled renewable alternatives from power generation to consumer products.

Copper miners, smelters at stalemate over processing charges

China's smelters and international miners have not agreed to terms for next year's treatment and refining charges, likely prolonging negotiations into 2018.

Gold production will grow in coming years: BMI

The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.